According to the National Retail Federation, retail shrink—a combination of theft, fraud, and inventory mismanagement—cost U.S. retailers over $100 billion in 2022. The holidays exacerbate this issue due to several factors:
Reports predict that in 2024, the combination of economic pressures and the uptick in organized retail crime could lead to one of the highest holiday theft seasons on record.
According to a report by Security.org, 87% of online shoppers are concerned about having a package stolen around the holiday season, with 28% expressing they are "very" or "extremely" concerned.
Retailers must prepare not only for opportunistic shoplifters but also for professional thieves who come armed with tactics to evade detection.
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In a well-coordinated theft in New York City, a group of six individuals entered a tech store, strategically distracted employees, and made off with $50,000 worth of high-end electronics. Surveillance footage was crucial in identifying the suspects.
A major retailer lost over $20,000 in fraudulent gift card scams when thieves tampered with displays, replacing valid cards with ones tied to fake accounts.
In Chicago, a group of thieves orchestrated a flash mob theft, overwhelming staff and escaping with designer goods worth over $100,000. Video footage helped authorities recover some items.
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To combat these trends, proactive measures are essential. Many retailers are stepping up their security game with a combination of high-tech surveillance, increased staffing, and public awareness campaigns. Here are some actionable steps:
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Deploy Surveillance specializes in mobile surveillance solutions tailored to meet retailers' unique needs during the holiday season. Here's why our units are game-changers:
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Retail theft doesn't have to dampen your holiday cheer—or your profits. By investing in robust security solutions and preparing your team, you can safeguard your store against the holiday Grinch.
Don't let theft steal your season. Contact Deploy Surveillance today to learn how our mobile units can protect your store and give you peace of mind during the busiest time of the year.
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About Deploy Surveillance
Deploy Surveillance offers self-sufficient, solar-powered hybrid mobile surveillance units for cloud-based monitoring, uniquely tailored to meet the security needs of any setting. All trailers and camera units are proudly made in the U.S.A. Headquartered in Salt Lake City, Utah, the company serves clients nationwide. For more information or to request a custom quote, visit https://www.deploysurveillance.com.
03.02.2023
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